The King-Talbot Fund was established in 1989 to perpetuate the remembrance of the good works and devotion to Christ and His Church of the Reverend David King and William Talbot, late members of NEHA and historian of the Episcopal Church. Its assets are held in a custodial account of the Domestic and Foreign Missionary Society's Trust Fund (#943). Contributions to the Fund may be made by any person or organization at any time. In 2008 the NEHA Board voted to place all lifetime membership contributions in this fund. Deposits to the Fund may be used for the furtherance of projects and aims of NEHA as they are determined to be from time to time by the Executive Committee. Administration of the Fund is vested exclusively in the Executive Committee of NEHA. Practical management may, at the discretion of the Executive Committee, be delegated to the President and the Treasurer of NEHA. The principal of the Fund shall be invested to its best advantage and to the convenience in its practical management by the Treasurer of NEHA. Disbursement payments from the Fund are not to exceed the amount of interest earned during the preceding four quarters. No amount greater than that of the previous year’s interest earned will be disbursed in the following year. When interest is not disbursed, it is reinvested in the Fund. |
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